Ameris Bancorp

Ameris Bancorp is a bank holding company, which through the subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following business segments: Banking, Retail Mortgage, Warehouse Lending, the SBA and Premium Finance. The Banking segment offers full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage segment includes origination, sales, and servicing of one-to-four family residential mortgage loans. The Warehouse Lending segment includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA segment is comprised of origination, sales, and servicing of small business administration loans. The Premium Finance segment includes the origination and servicing of commercial insurance premium finance loans. The company was founded on December 18, 1980 and is headquartered in Moultrie, GA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Ameris Bancorp reports robust Q4 earnings and eyes strategic growth

Ameris Bancorp delivered strong financial performance in Q4 2022, with notable increases in net income and loan portfolio growth. The company's strategic focus on maintaining top-tier results and enhancing customer experience positions it well for future success.
Despite challenges such as provision expenses and a decrease in non-interest income, Ameris Bancorp's emphasis on expense reduction and operational efficiency showcases its resilience and commitment to long-term growth.

Ameris Bancorp reports robust Q1 earnings amidst cautious loan outlook

Ameris Bancorp's Q1 2023 performance showcased strong financial results and prudent risk management strategies.
While facing challenges in loan growth and credit provisions, the bank's focus on expense control and margin improvement remains a strength.
Opportunities lie in deposit growth, diversifying revenue streams, and maintaining a disciplined approach to financial management.

Ameris Bancorp reports robust Q2 earnings, eyes NII growth

Ameris Bancorp delivered strong financial performance in Q2 2023, driven by deposit and loan growth. The company maintained a focus on core profitability and credit quality.
Despite challenges in the Balboa portfolio, the overall outlook remains positive with opportunities for NII stabilization and growth. Efforts to preserve capital and enhance customer relationships are key priorities.
With a solid balance sheet, stable credit metrics, and strategic growth initiatives, Ameris Bancorp is positioned for continued success and value creation for shareholders.

Ameris Bancorp reports robust Q3 earnings, focuses on margin management

Ameris Bancorp's Q3 performance reflects strong core earnings and improved credit metrics, despite challenges in loan growth and margin stability.
The company's focus on maintaining core profitability and managing margins strategically positions it well for future growth.
Opportunities exist in optimizing funding mix with public fund inflows and enhancing financial performance through expense control.
Analysts' questions highlighted areas of concern, but Ameris Bancorp's proactive measures demonstrate readiness to navigate challenges.

Ameris Bancorp posts robust Q4 results, eyes growth opportunities ahead

Ameris Bancorp's Q4 2023 performance showcased financial strength and efficient expense management, setting a positive tone for future growth.
The company's focus on balance sheet resilience, capital utilization, and core funding growth aligns with strategic objectives for sustainable expansion.
Addressing challenges related to interest margin stability, credit risk management, and deposit repricing will be crucial for navigating future market conditions.

Ameris Bancorp (ABCB) posts robust Q1 results amid strategic focus

Ameris Bancorp's Q1 2024 earnings call highlighted strong financial performance, a focus on core fundamentals, and cautious optimism for future trends. The company aims to balance capital preservation with growth opportunities and efficient cost management strategies.

Ameris Bancorp posts strong Q2 earnings amidst growth opportunities

Ameris Bancorp delivered robust financial performance in Q2 2024, driven by strong deposit and earning assets growth
While facing challenges such as increased interest expenses and credit provisions, the company maintained solid profitability metrics
Opportunities lie in optimizing operational efficiency, leveraging market presence, and sustaining loan growth momentum
Overall, Ameris Bancorp's strategic moves and financial results position it well for future growth and profitability

Ameris Bancorp (ABCB) posts strong Q3 earnings, eyes growth opportunities

Ameris Bancorp (ABCB) reported robust financial results in Q3 2024, driven by strong net income and margin performance. The company's emphasis on NII growth, loan production, and shareholder value underscores its commitment to sustainable growth. While facing challenges like hurricane-related expenses, Ameris Bancorp remains poised to leverage opportunities for further expansion and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Ameris Bancorp is a bank holding company, which through the subsidiary, Ameris Bank, engages in the provision of banking services to its retail and commercial customers. It operates through the following business segments: Banking, Retail Mortgage, Warehouse Lending, the SBA and Premium Finance. The Banking segment offers full service financial services to include commercial loans, consumer loans and deposit accounts. The Retail Mortgage segment includes origination, sales, and servicing of one-to-four family residential mortgage loans. The Warehouse Lending segment includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA segment consists of origination, sales, and servicing of small business administration loans. The Premium Finance segment includes the origination and servicing of commercial insurance premium finance loans. The company was founded on October, 1971 and is headquartered in Moultrie, GA.

Besides Wall Street's top -and-bottom-line estimates for Ameris Bancorp (ABCB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended June 2024.

Curious about Ameris Bancorp (ABCB) Q2 Performance? Explore Wall Street Estimates for Key Metrics

ATLANTA , July 12, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company" or "Ameris") announced today that it is transferring the listing of its common stock to the New York Stock Exchange ("NYSE") from The Nasdaq Stock Market LLC ("Nasdaq"). Ameris's common stock is expected to begin trading on the NYSE on Tuesday, July 23, 2024, and will continue to be traded under its current ticker symbol "ABCB" after the transfer.

AMERIS BANCORP ANNOUNCES TRANSFER OF LISTING OF COMMON STOCK TO THE NEW YORK STOCK EXCHANGE

ATLANTA , July 3, 2024 /PRNewswire/ -- The National Association of Hispanic Real Estate Professionals named three Ameris Bank mortgage originators to the 2024 Top 250 Mortgage Originators List. The Association works as advisors and advocates to champion homeownership for the Hispanic community.

Three Ameris Bankers Named Among Top Hispanic Mortgage Originators

ATLANTA , July 2, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its second quarter 2024 financial results in a press release after the market closes on Thursday, July 25, 2024. H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP TO ANNOUCE SECOND QUARTER 2024 EARNINGS ON JULY 25, 2024

ATLANTA , June 12, 2024 /PRNewswire/ -- Ameris Bank is donating $2.23 million to 40 rural hospitals in Georgia, as part of the Georgia HEART Hospital Program in 2024. Ameris has been participating in the state income tax credit program since 2018, contributing more than $12 million.

Ameris Bank Donates Record $2.23 million to Support 40 Rural Georgia Hospitals

Investors need to pay close attention to Ameris Bancorp (ABCB) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Ameris Bancorp (ABCB) Stock?

ATLANTA , May 31, 2024 /PRNewswire/ -- Ameris Bank ranked among the Top 10 banks in the U.S. for the largest retail mortgage volume in the first quarter of this year, according to data reported by National Mortgage News today. The industry data was cited from quarterly call reports from the Federal Financial Institutions Examination Council.

Ameris Bank Ranked Top 10 Mortgage Provider

ATLANTA , May 22, 2024 /PRNewswire/ -- Ameris Bank recently honored four members of the company for their extraordinary commitment to community service. "We encourage all teammates to give back to their communities, yet these individuals consistently go above and beyond to serve others," said Michael Pierson, corporate EVP and chief governance officer of Ameris Bank.

Ameris Bank Names Volunteer of the Year Winners

Ameris Bancorp (NASDAQ:ABCB ) Q1 2024 Earnings Conference Call April 26, 2024 9:00 AM ET Company Participants Nicole Stokes - Chief Financial Officer Palmer Proctor - Chief Executive Officer Doug Strange - Executive Vice President and Chief Risk Officer Conference Call Participants Casey Whitman - Piper Sandler Will Jones - KBW Russell Gunther - Stephens Christopher Marinac - Janney Montgomery Scott David Feaster - Raymond James Operator Good day, and welcome to the Ameris Bancorp First Quarter 2024 Conference Call. All participants will be in a listen-only mode.

Ameris Bancorp (ABCB) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Ameris Bancorp (ABCB) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ameris Bancorp (ABCB) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $0.86 per share a year ago.

Ameris Bancorp (ABCB) Q1 Earnings and Revenues Beat Estimates

Highlights of Ameris's results for the first quarter of 2024 include the following: Net income of $74.3 million, or $1.08 per diluted share; Adjusted net income(1) of $75.6 million, or $1.10 per diluted share Return on average assets ("ROA") of 1.18%; Adjusted ROA(1) of 1.20% Pre-tax, pre-provision net revenue (PPNR) ROA(1) of 1.89% Growth in tangible book value(1) of $0.88 per share, or 10.5% annualized, to $34.52 at March 31, 2024 TCE ratio(1) of 9.71%, compared with 9.64% at December 31, 2023 and 8.55% one year ago Net interest margin of 3.51% for the first quarter of 2024 Organic growth in loans of $331.0 million, or 6.5% annualized Growth in total deposits of $288.9 million, or 5.6% annualized Increase in the allowance for credit losses to 1.55% of loans, from 1.52% at December 31, 2023 Adjusted efficiency ratio(1) of 54.56% ATLANTA , April 25, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $74.3 million, or $1.08 per diluted share, for the quarter ended March 31, 2024, compared with $60.4 million, or $0.87 per diluted share, for the quarter ended March 31, 2023.  Excluding the FDIC special assessment and gain on bank owned life insurance ("BOLI") proceeds, adjusted net income(1) was $75.6 million, or $1.10 per diluted share, for the quarter ended March 31, 2024, compared with $59.9 million, or $0.86 per diluted share, for the quarter ended March 31, 2023.

AMERIS BANCORP ANNOUNCES FINANCIAL RESULTS FOR FIRST QUARTER 2024

ATLANTA , April 3, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its first quarter 2024 financial results in a press release after the market closes on Thursday, April 25, 2024.  H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP TO ANNOUCE FIRST QUARTER 2024 EARNINGS ON APRIL 25, 2024

ATLANTA , March 18, 2024 /PRNewswire/ -- Ameris Bank is pleased to announce Brady Gailey has joined the bank as Executive Director of Corporate Development, effective today. In this role, Gailey will work closely with executive management to support strategic decisions and will be responsible for investor relations, corporate strategic analysis and financial performance review.

Brady Gailey Joins Ameris Bank as Executive Director of Corporate Development

ATLANTA , Feb. 23, 2024 /PRNewswire/ -- Ameris Bank has been recognized with five Greenwich Excellence Awards for Small Business Banking in 2023. Among more than 500 banks evaluated, Ameris Bank is one of 39 cited for Distinctive Quality in Small Business Banking nationally.

Ameris Bank Recognized for Excellence in Small Business Banking

ATLANTA , Feb. 7, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) announced that Claire E. McLean has been appointed a director of the company, effective February 7, 2024.

Ameris Bancorp Appoints Claire E. McLean to its Board of Directors

Ameris Bancorp (ABCB) Q4 2023 Earnings Call Transcript

The headline numbers for Ameris Bancorp (ABCB) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Ameris Bancorp (ABCB) Q4 Earnings: A Look at Key Metrics

Ameris Bancorp (ABCB) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.17 per share a year ago.

Ameris Bancorp (ABCB) Lags Q4 Earnings and Revenue Estimates

Highlights of the Company's results for the full year 2023 include the following: Net income of $269.1 million, or $3.89 per diluted share Adjusted net income(1) of $276.3 million, or $4.00 per diluted share Growth in tangible book value(1) of $3.72 per share, or 12.4%, to $33.64 at December 31, 2023 Increase in the allowance for credit losses to 1.52% of loans, from 1.04% at December 31, 2022, due to forecasted economic conditions, particularly related to commercial real estate price levels Nonperforming portfolio assets, excluding government-guaranteed loans, as a percentage of total assets improved to 0.33% at December 31, 2023, compared with 0.34% at December 31, 2022 Adjusted efficiency ratio(1) of 52.58% Organic growth in loans of $414.1 million, or 2.1% Growth in total deposits of $1.25 billion, or 6.4% Growth in TCE ratio(1) of 97bps, or 11.2%, to 9.64% at December 31, 2023 Significant items from the Company's results for the fourth quarter of 2023 include the following: Net income of $65.9 million, or $0.96 per diluted share Adjusted net income(1) of $73.6 million, or $1.07 per diluted share Stable net interest margin of 3.54% Adjusted efficiency ratio(1) of 52.87% Growth in TCE ratio(1) of 53bps to 9.64% at December 31, 2023, compared with 9.11% last quarter ATLANTA , Jan. 25, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") today reported net income of $65.9 million, or $0.96 per diluted share, for the quarter ended December 31, 2023, compared with $82.2 million, or $1.18 per diluted share, for the quarter ended December 31, 2022. The Company reported adjusted net income(1) of $73.6 million, or $1.07 per diluted share, for the quarter ended December 31, 2023, compared with $81.1 million, or $1.17 per diluted share, for the same period in 2022.

AMERIS BANCORP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS

Besides Wall Street's top -and-bottom-line estimates for Ameris Bancorp (ABCB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Wall Street's Insights Into Key Metrics Ahead of Ameris Bancorp (ABCB) Q4 Earnings

Qualified applicants in Jacksonville, FL area eligible for up to $20,000 toward home purchase or refinance ATLANTA , Jan. 18, 2024 /PRNewswire/ -- Ameris Bank announced the launch of the Ameris Choice program, providing qualified applicants in the Jacksonville, Florida area up to $20,000 in assistance to purchase or refinance a home. Ameris Choice is the newest addition to the bank's suite of programs designed to support opportunities for homeownership in the communities it serves.

Ameris Bank Launches Ameris Choice Home Mortgage Lending Program

Ameris Bancorp (ABCB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ameris Bancorp (ABCB) Expected to Beat Earnings Estimates: Should You Buy?

ATLANTA , Jan. 4, 2024 /PRNewswire/ -- Ameris Bancorp (Nasdaq: ABCB) (the "Company") announced today that it intends to release its fourth quarter and full year 2023 financial results in a press release after the market closes on Thursday, January 25, 2024.  H. Palmer Proctor, Jr., Chief Executive Officer, Nicole S.

AMERIS BANCORP ANNOUNCES DATE OF FOURTH QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

ATLANTA , Dec. 21, 2023 /PRNewswire/ -- Ameris Bank is pleased to announce Clyde Anderson as director of Community Lending, effective December 18. In this newly created role, Anderson will be responsible for oversight of the bank's commitments to the Community Reinvestment Act (CRA) and the Fair Lending programs.

News for Ameris Bancorp Stock (ABCB)